Portolan Capital Management LLC Cuts Stock Position in Mama's Creations, Inc. (NASDAQ:MAMA)

Portolan Capital Management LLC trimmed its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 818,504 shares of the company's stock after selling 135,125 shares during the quarter. Portolan Capital Management LLC owned about 2.18% of Mama's Creations worth $6,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Annex Advisory Services LLC raised its position in Mama's Creations by 71.0% during the 4th quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company's stock worth $9,722,000 after buying an additional 507,065 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new position in Mama's Creations during the fourth quarter valued at $3,748,000. First Eagle Investment Management LLC boosted its holdings in Mama's Creations by 22.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company's stock valued at $9,038,000 after purchasing an additional 210,045 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mama's Creations during the 4th quarter valued at about $1,333,000. Finally, State Street Corp lifted its holdings in shares of Mama's Creations by 20.7% in the 3rd quarter. State Street Corp now owns 489,623 shares of the company's stock valued at $3,574,000 after buying an additional 84,050 shares during the period. Institutional investors and hedge funds own 45.18% of the company's stock.

Mama's Creations Stock Performance

MAMA stock traded up $0.22 during trading on Friday, hitting $6.53. 314,981 shares of the company traded hands, compared to its average volume of 357,657. Mama's Creations, Inc. has a 1 year low of $4.75 and a 1 year high of $9.98. The company has a market cap of $245.50 million, a PE ratio of 72.56 and a beta of 0.95. The stock's 50-day simple moving average is $6.47 and its 200 day simple moving average is $7.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its earnings results on Tuesday, April 8th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $33.59 million during the quarter, compared to analyst estimates of $31.02 million. Mama's Creations had a net margin of 3.02% and a return on equity of 16.52%. On average, equities analysts expect that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

About Mama's Creations

Mama's Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.